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Founded in 2012, Eleven Ventures is a venture capital fund based in Sofia, Bulgaria, with additional offices in Athens, Greece, and Amsterdam, Netherlands. The firm has made over 170 investments and focuses on early-stage technology companies in Central Eastern Europe. Their total assets under management and specific LP base are not disclosed.
Eleven Ventures invests in early-stage technology companies at the pre-seed and seed stages, with initial ticket sizes ranging from €250K to €1.5M. Their primary sectors include Fintech, Healthcare, Future of Work, and Climate and Sustainability, while also considering high-potential opportunities outside these areas.
Notable portfolio companies include Dronamics, the world's first cargo drone airline; Native Teams, which provides work payments and employer of record solutions; VivianLab, focused on improving healthcare for women and young girls; LANGaware, utilizing AI for brain health and disease detection; Moveo.AI, developing solutions for customer experience transformation with generative AI; and Pluria, offering flexible workspace solutions.
As of October 2023, Eleven Ventures has been active in sharing insights through their blog, including a report on global expansion by portfolio company Native Teams and an announcement regarding a new venture partner.
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